 The lyrics may refer to Suze Rotolo, Dylan's girlfriend from July 1961 to early 1964.Some of the lyrics of "She Belongs to Me" could refer to Dylan's former lover, folk singer Joan Baez, particularly the line about the woman wearing an "Egyptian ring", since Dylan had given Baez such a ring.Other lines that may refer to Baez are a line describing her as "an artist" and a reference to being a "walking antique", which may be a reference to Baez' desire to keep Dylan writing protest songs but could easily be a compliment.